A precision machining company producing jet engine components to the aerospace industry wanted to reduce the time required for parts repair. Current development times ranged from 10 to 18 months and longer. The client requested assistance in identifying processing bottlenecks, developing viable solutions, optimizing operations and implementing best practice recommendations.
Our team of process improvement consultants completed an assessment of manufacturing operations, including material flow, machining center utilization, repair order process flow, and part Value-Added/Wait Time constraints. The output of the assessment was a strategic report presented to the client’s executive management team.
Client implemented our recommendations and has reduced the average time to machine a repair part to less than 180 days.
Client’s sales more than doubled in the last five years but they have witnessed an erosion of profit margins due to an inconsistency in business processes, lack of a strategic plan to handle new business requests, and a lack of processing controls to meet required product ship dates.
We utilized our proprietary Business Assessment Tool to examine all critical areas of the client’s operations in order to determine where processes needed to be formalized, what operations were not value-added, and where personnel needed additional resources to achieve the desired results.
The output of this assessment was a strategic plan and a series of corrective actions. Client’s business operations are on a positive trend line to meet and potentially exceed profit margin requirements.
Large Tier One manufacturer of automotive parts in Michigan paying significant Michigan Single Business Tax on products delivered out of state.
We identified tax saving opportunities by analyzing sales in other states that qualify for MI Single Business Tax Exemption. Our experienced professionals prepared the amended returns, as a value added tax service.
We recovered tax dollars paid for the last four years, in excess of $1.5 million.
A Strategic Roadmap for Aerospace & Defense
The supply chain supporting the levels of aerospace production are at capacity. Additional capacity needs to be found to support continued growth to meet the multi-year backlog that exists.
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The Trump administration's trade policy made a bold statement with a spontaneous announcement to impose tariffs of 25 percent on steel and 10 percent on aluminum. The president excluded Canada and Mexico, for now.
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in.
Based in St. Louis, Missouri, US, Sunnen Products Company (referred to as Sunnen) is a global leader in the design, manufacture and distribution of bore sizing and finishing equipment, engine rebuilding equipment, and tooling and abrasives. Its honing products are used in the sizing and finishing of cylindrical bores for internal combustion engines; in mechanical gears; in hydraulic valve bodies, blocks, and cylinders; and in petroleum extraction tubes, among others.
The company’s prime markets include automotive and transportation, construction, mining, aerospace and energy. Customers range all the way from small, owner-operated machine shops to large, publicly-traded original equipment manufacturers.
Not only are many manufacturers wondering how the tax law changes will fuel the economy, but how will the key provisions impact my business. Well, usually most answer(s) provided by your advisor take on a typical response like “it depends,” and in some regards that is the case here. However, before we get into specific benefits under the new law, let’s step back and look at what this means from a macro level.
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts.